Contract Summarization is the restating of the salient points of interest in the contracts in as few words as possible with the goal to simplify the given information by pointing to the most relevant terms and clauses in the contract, limiting the need for accessing the original documents. Some of the benefits of contract summarization […]

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We discussed the meaning and objectives of obligation tracking in the previous post, in this post we will discuss how effective the process of automation in tracking can be and how Brightleaf holds an edge over other automation tools enabling it to achieve unparalleled excellence. Before we begin to explain the application of artificial intelligence […]

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Meaning Obligation tracking is a systematic process of breaking down contracts into a pre-defined pattern (based on the user’s need) to provide insight – with mathematical clarity – into all that there is in a contract. Metaphorically speaking, it’s a process which enables the contract to talk and explain itself – in a simple and […]

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Massachusetts, home to Brightleaf Solutions, beat out California, New Jersey, and Washington as the number one innovation hub, according to a new Bloomberg survey. Bloomberg ranked states according to their research and development intensity, productivity, high-tech density, concentration of science, technology, engineering and mathematics employment, science and engineering degree holders, and patent activity. Massachusetts beat […]

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I almost expected to see dancing in the streets when the news got out: General Electric is moving its headquarters to downtown Boston.  This Fortune 500 company (#8 on the list), with  $149 Billion in revenue wants to become more of a technology and software company which fits very nicely in with Boston’s positon as […]

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We all enter into some type of contract at various times in our  life. But have we ever thought of all the possible consequences in the long run? Is it really about sign and forget? Every year, many companies lose a significant amount of money owing to contractual non-compliance. The reason? No/poor process of managing […]

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Corridor and Brightleaf’s webinar Incorporating a Migration Strategy into a Contract Management System Initiative was a big success! We had great attendance and wanted to make sure that the information shared by our speakers was made available for those that could not make it. We covered a lot of ground in 45 minutes including the […]

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I just got through reading an excellent article by McKinsey & Co. entitled “Delighting in the Possible”. It’s their version of how to think outside the box simply by separating the possible from the probable. In it, the authors state “our approach to the hardest problems—and the anxiety those problems create—is fundamentally misdirected. When most […]

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Brightleaf sells document automation technologies—and technology-leveraged services—that help lawyers work more quickly, efficiently, accurately, collaboratively, and profitably.  We deploy those technologies and services at law firms and in-house legal departments.  Our customers at those firms and departments use Brightleaf to improve contract creation and contract negotiation…and to gain greater contract intelligence over their executed transactions. We make […]

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In the current month’s ABA Law Practice Journal, Susan Saltonstall Duncan of Rainmaking Oasis wrote a nice, concise commentary about Pfizer’s relatively new model for engaging outside counsel.  While other corporate legal departments have branded their particular models for internal operations (DuPont) and engaging and paying for law firm representation (FMC Technologies’ ACES program), Pfizer seems uniquely committed […]

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This past weekend, the new Massachusetts Benefit Corporation statute went into effect, making us the 11th state to enact such a law. Benefit corporations are structured like traditional C-corporations.  They have Articles of Organization (you know, the charter…what we in the Bay State call your Certificate of Incorporation).  They have by-laws.  They’ll likely need all the usual business formation documents: incorporator consents […]

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